Eurocardsharing

Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, Update Sky wants ITV stake for 'long term' at General Satellite News forum; Sky wants ITV stake for 'long term' Jeremy Darroch, CEO at BSkyB (and pictured, left), speaking at a Morgan Stanley ...

Reply
 
LinkBack Thread Tools Display Modes
Update Sky wants ITV stake for 'long term'
Old
  (#1)
Bacteria
Administrator
 
Bacteria's Avatar
 
Offline
Posts: 96,015

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 100822
Experience: 68%

Thanks: 1,107
Thanked 5,578 Times in 1,419 Posts
Join Date: Oct 2006
Age: 36
Update Sky wants ITV stake for 'long term' - 20-November-2008, 14:00

Sky wants ITV stake for 'long term'

Jeremy Darroch, CEO at BSkyB (and pictured, left), speaking at a Morgan Stanley conference in Barcelona Nov 12, said Sky wanted to hold onto its 17.9% stake in commercial broadcaster ITV for the long term.

"We have a few weeks left to decide what to do about the Competition Appeal Tribunal's decision, he said. And we're going to take those few weeks to decide," Darroch added. "But our position to be willing to hold the stake long-term hasn't changed."

In September the British governments Competition Appeal Tribunal ruled that Sky must trim its stake in ITV to no more than 7.5%. BSkyB has until December to decide whether to appeal this decision to the UK Court of Appeal.

Darroch declined to comment on how Sky would use the 400m just raised in a bond issue, coyly adding that Sky doesnt need fresh acquisitions. "We're in a position where we can think of acquisitions more opportunistically. We'll buy something if we think it's going to help the business but we're not going to chase anything," he said.

Nevertheless, the market seems convinced that Italian broadband operator Tiscali is the acquisition target, with its tempting UK client list a near-perfect match to Skys own broadband ambitions.
   
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump



ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Dreambox